Alex Adjmi

Owner

Alex Adjmi|A&H Acquisitions portfolio

$323.8 million* – retail 47%, mixed-use 22%; Manhattan 42%, Brooklyn 29%

196th largest portfolio by dollar value

990,615 sqft – retail 53%, mixed-use 29%;

350th largest by SF

61 properties – Brooklyn 42%, Queens 29%

154th largest

111 residential units – Brooklyn 73%, Manhattan 26%

1348th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 1 for $11 million

Top Ten Associated Companies:

Signature Bank (2), Hysen Mehmetaj (1), Vincent Theurer (1), Valley National Bank (1), Ponce Bank (1), Citibank (1), Glass family (1), EcoRise Development (1)

Top Ten Associated People:

Hysen Mehmetaj (1), Vincent Theurer (1), Leo J. Kuba (1), Carlos P. Naudon (1), Laurel Ferrari (1), Dennis Glass (1)

Recent activity as company:

• ACHS Management borrowed $11 million from Valley National Bank for 73-97 Empire Boulevard, Crown Heights, Brooklyn on July 12, 2024.

• ACHS Management sold 38 Westchester Square, Westchester Square, Bronx for $5.9 million to Vincent Theurer on June 03, 2022.

• ACHS Management sold 35 Westchester Square, Westchester Square, Bronx for $4.7 million to Hysen Mehmetaj on May 16, 2022.

Alex Adjmi borrowed $10 million from Signature Bank for 73-97 Empire Boulevard, N/A Mc Keever Place, and 99 Empire Boulevard, Crown Heights, Brooklyn on April 27, 2021.

• Glass family sold 73-97 Empire Boulevard, N/A Mc Keever Place, and 99 Empire Boulevard, Crown Heights, Brooklyn for $15.2 million to Alex Adjmi on April 27, 2021.

Ponce Bank sold 28 East 170th Street, Longwood Melrose, Bronx for $4.7 million to Alex Adjmi on August 06, 2020.

• ACHS Management borrowed $5.1 million from Signature Bank for 28 East 170th Street, Longwood Melrose, Bronx on August 06, 2020.

• ACHS Management borrowed $21.5 million from Citibank for 116 7th Avenue, Chelsea, Manhattan on April 02, 2020.

• ACHS Management sold 100 Livingston Street, Brooklyn Heights, Brooklyn for $10.5 million to EcoRise Development on February 04, 2020.

Latest Stories:

• ACHS Management signs $11M refi with Valley National Bank for retail in Crown Heights (July 16, 2024)

• Adjmi, Bridges file demo plans in Crown Heights, no new plans filed (June 06, 2023)

• Vincent Theurer pays $5.9M to Alex Adjmi’s ACHS Management for mixed-use in Westchester Square (June 06, 2022)

• Hysen Mehmetaj pays $4.7M to Alex Adjmi for retail in Westchester Square (May 17, 2022)

• Alex Adjmi pays $15.2M to Glass family for retail in Crown Heights (April 28, 2021)

• Alex Adjmi pays $4.7M to Ponce Bank for retail in Longwood Melrose adjacent to parcels he owns (August 07, 2020)

• Alex Adjmi borrows $5.1M from Signature Bank to buy retail in Longwood Melrose (August 07, 2020)

• Alex Adjmi of ACHS Management borrows $22M from Citigroup for new retail property in Chelsea (April 03, 2020)

• EcoRise Development pays $11M to Alex Adjmi’s ACHS Management for office property in Brooklyn Heights (February 05, 2020)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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